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6-Unit Apartment Building
For Sale
$900,000

44-48 School St, Central Falls, RI 02863

A varied apartment mix is complemented by coin-operated laundry and off-street parking.

Property SizeContact for details
Days on Market25

Property Features for 44-48 School St

General Information

Standard status Active

Units

Unit Mix 3 x 2BR, 2 x 1BR, 1 x 3BR
Multifamily Units 6

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $14,552

Amenities

on-site coin-operated washer and dryer
off-street parking
Listing Agency: RISE REC
Listed By: Yvonne Sousa · License #REB.0019004
Source: Exprealty
Added: Oct 7 Changed: Oct 31 Last Checked: Oct 31 at 3:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RISE REC

Rey
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Investment Insights

Based on property information with market context.

This six-unit apartment property includes three two-bedroom apartments, two one-bedroom apartments, and one three-bedroom apartment. Coin-operated laundry equipment provides an additional income source, while off-street parking serves residents at the property.

Located in Central Falls, the building offers access to Pawtucket, Providence, and major commuter routes. Shops, restaurants, parks, and public transportation are nearby.

Key Highlights

  • Six apartments: three 2‑bedroom, two 1‑bedroom, and one 3‑bedroom unit
  • On‑site coin‑operated washer and dryer generate additional income
  • Off‑street parking

Property Analytics

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

981
Businesses Nearby

Demographics for 02863, RI

22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - A varied apartment mix is complemented by coin-operated laundry and off-street parking.
Where is this apartment building located?
The property is located at 44-48 School St Central Falls, RI.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Six apartments: three 2‑bedroom, two 1‑bedroom, and one 3‑bedroom unit; On‑site coin‑operated washer and dryer generate additional income; Off‑street parking
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